Higher PATMI due to total one-off gain of S$1.75 billion, comprising gains from the disposal of 44.58% stake in Olam Agri (“Tranche 1”) and 100.0% interest in Mindsprint, and fair value gain on the valuation of the put and call option for the remaining stake in Olam Agri.
Adjusting for the S$1.75 billion one-off gain and non-cash foreign exchange gains recorded in H1 2025, Operational PATMI from continuing operations1 grew by S$84.7 million to S$64.4 million year-on-year.
Net gearing down from 2.09 times to 0.93 times on reduced net debt with de-leveraging at OGH from divestment proceeds and lower working capital related debt in ofi.
Board declares total dividends of 7.0 cents per share, comprising an interim ordinary dividend of 1.0 cent per share and a special dividend of 6.0 cents per share.
Olam Group’s Executive Director and CEO of ofi A. Shekhar said: “The first half of 2026 marks an important milestone in Olam Group’s journey. Following the completion of the first tranche of the Olam Agri transaction, we have significantly strengthened our balance sheet, enhanced financial flexibility and demonstrated our ability to unlock value for shareholders.
“At ofi, our performance demonstrates the resilience of our integrated business model. Despite continued market volatility and geopolitical uncertainty, we delivered stable earnings with significant reduction in capital deployment, leading to improved capital efficiency, strong cash generation and higher net earnings.
“Looking ahead, we remain focused on investing selectively behind growth opportunities while maintaining capital discipline. We are confident that these foundations will continue to support long-term value creation for both ofi and Olam Group stakeholders.”
CFO Venkataraman Krishnan said: “Our financial results today reflect a less complex, more focused and financially stronger business. Olam Group will continue to focus on long-term growth and capital efficiency in ofi and execution of the divestment programme in OGH.”
OGH CEO Gautam Wadhwa said: “Our Re-organisation Plan to unlock value for shareholders from divestments is on track, with three businesses sold or wound down, and the sale of our remaining stake in ARISE P&L making progress. We remain focused on delivering a resilient operational performance as we continue to work on responsibly divesting and monetising these assets over time.”